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FTSE 100 rises as Micro Focus shares surge on HP deal | FTSE 100 rises as Micro Focus shares surge on HP deal |
(about 5 hours later) | |
(Close): The FTSE 100 edged higher on Thursday boosted by a big rise for Micro Focus following its $8.8bn (£6.6bn) software swoop. | |
The UK technology firm is acquiring the software arm of Hewlett Packard Enterprise, including the assets of former UK tech champion Autonomy. | |
Micro Focus, which entered the FTSE 100 last week, ended the day 14.5% higher after earlier jumping 21%. | |
The FTSE 100 ended 12 points higher at 6,858.7 points. | |
British Airways owner International Consolidated Airlines was up 4% after a positive broker's note and a hint from chief executive Willie Walsh that other airlines were keen to join the group. | |
Dixons Carphone also rose almost 4% after reporting an increase in first-quarter sales and "no detectable impact" from the Brexit vote. | |
Education publisher Pearson was the biggest faller, dropping almost 8%, following disappointing results from rival publisher John Wiley, which also provides US college textbooks. | |
On the currency markets, the pound was 0.3% lower against the dollar at $1.32990. Against the euro, it was 0.5% lower at €1.18100. |